The insurance guy

28/10/2026

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Yesterday, we talked about the time we spend working for our employers versus the time we dedicate to our side hustles and businesses.

We all aspire to live a good life. We want to pay our bills, educate our children, acquire assets, grow our investments and create additional streams of income, including passive income assets like unit trust funds, bonds, stocks.

But in the pursuit of all these goals, one important question often gets forgotten: What happens when we can no longer work?

For those in formal employment, retirement planning may already be in motion through NSSF, provident funds or other retirement benefits schemes. But what about those in the informal sector, the entrepreneurs, business owners and people running side hustles? They, too, deserve a financially secure retirement.

Yesterday, I visited an old friend who works at a bank, and we shared experiences about the demands of corporate life, the pressure to hit targets and the many hours we dedicate to our employers.

Our conversation reminded me of something important: while we work hard to secure our present, we must also deliberately prepare for our future.

I challenged her to think about growing our provident fund savings and exploring opportunities in the financial markets to build long-term wealth.

The truth is, whether you are formally employed, self-employed or running a business, retirement planning is everyone's responsibility.

As you work towards the life you desire today, don't forget to finance the life you will need tomorrow, so, at the look of things, will you or ?

For your and needs, talk to .

20/10/2026

Tuesday Is a Numbers Day!

With over 65 universities in Uganda and more than 100,000 graduates entering the job market every year, what do these numbers mean for a family?

They represent years of sacrifice, school fees, sleepless nights, prayers, and the hope that one day, a child will graduate and build a better future for themselves and their family.

For many parents, one of the greatest joys is watching their children progress through school and finally graduate from university. The journey is not easy, and the financial hustle is real.

But behind these success stories are also painful realities. Some students are forced to drop out because of the loss of a breadwinner or the inability of their families to sustain the cost of education. Suddenly, their dreams are interrupted, and they have to figure out what comes next.

We are also faced with a challenge of the number of graduates entering the labour market which may be significantly higher than the number of jobs available. A university degree is an achievement, but it is not a guarantee of employment.

To the graduates, congratulations and the market awaits you. Step into it with confidence, hope, resilience, and a positive mindset. Be willing to learn, create opportunities, explore entrepreneurship, and remember that your first opportunity does not have to be your final destination though it can because I have been at old mutual for 15yrs.

This is also a reminder that financial planning is not just about accumulating wealth, it is about protecting dreams. Having the right financial protection and savings in place can help a family navigate the unexpected without bringing a child's education to an abrupt end.

Because behind every graduate is a family that dared to dream.

Let's celebrate the graduates, acknowledge the sacrifices, and keep creating opportunities for the next generation.

For your and needs, talk to

16/10/2026

Fridays Are For Violence!

Every Friday, we declare war on bad financial decisions.

This week: Violence Against People Who Borrow Money and Refuse to Pay It Back!

Let’s talk about creditworthiness, and I’m not even talking about financial institutions. I’m talking about your credit rating among your colleagues, friends, family, and business partners.🤔

Your financial reputation starts with the people around you!

Good creditworthiness is a reflection of responsible financial habits. When you borrow money, honouring your commitment to repay is a sign of integrity, discipline, and respect for the person who trusted you.

Why borrow money when you have no plan to pay it back?

Why make other people’s financial plans depend on your promises when you know your repayment habits are questionable?

And why should your emergency become someone else’s emergency when you have failed to honour previous commitments or failed to save money in a to take care of those emergencies?

We all understand that times are hard. The dollar is high, inflation is biting, fuel prices are rising, and money is becoming increasingly scarce. With the Central Bank Rate (CBR) in double digits, the cost of borrowing is another concern.

But difficult economic times should remind us to become more financially responsible, not less accountable.

If you genuinely cannot repay on time, communicate early, explain your situation, and agree on a realistic repayment plan. Silence, avoidance, and broken promises only destroy trust.

This Friday, let’s declare war on borrowing without a repayment plan, making empty promises, and treating other people’s money casually.

For your and needs, talk to .

14/10/2026

14/10/2026

Or RetireStressed!

More to the 30-year milestone celebrated by the Capital Markets Authority (CMA) Uganda, which plays a key role in regulating Uganda’s capital markets and protecting investors.

The capital markets provide an opportunity for you to invest in different listed companies on the Uganda Securities Exchange (USE) and participate in their growth.

Another key player in this financial ecosystem is the Uganda Retirement Benefits Regulatory Authority, which regulates and supervises the retirement benefits sector.

How do you relate to investing in shares?

Don't you think your retirement deserves a share of Uganda’s stock market?

What if the shares you buy today became part of the wealth that sustains you in retirement?

Yesterday, we talked about the proposed Dangote IPO and the opportunities public offerings can present to investors looking to build wealth for the long term.

Think about companies such as MTN Uganda, Airtel Uganda, Stanbic Uganda, CIPLA Quality Chemical Industries, DFCU Bank, Centum Investment Company, and others listed on the USE.

By investing in shares, you become a shareholder and have an opportunity to benefit from potential capital appreciation and dividends when declared and then those dividends are reinvested into a to help grow your investment portfolio over time when it compounds.

Remember, retirement planning is not just about setting money aside. It is about building a diversified portfolio of assets that can support your lifestyle when your salary stops.

The goal is not simply to own shares. It is to build a retirement portfolio that gives you financial independence, dignity and peace of mind.

Will you or ?

Your retirement story is being written by the financial decisions you make today. Make sure you have a good story to tell when that time comes!

For your and needs, talk to .

13/10/2026

Tuesday Is a Numbers Day!

The Capital Markets Authority (CMA) marked 30 years of existence, celebrating three decades of contributing to the development of Uganda’s capital markets and creating opportunities for investors.

And what better way to mark this milestone than opening the door for Ugandans to participate in the cross-border offer for shares in Dangote Petroleum Refinery and Petrochemicals FZE, Africa’s largest refinery, with a capacity of 700,000 barrels per day?

Here are the numbers.

➡️ ₦525 — the indicative price per share, approximately US$0.39 or UGX 1,613, based on the exchange rates used.

➡️ 10 shares — the minimum number of shares to purchase, costing approximately US$3.90, before applicable fees and charges.

➡️ $16 billion — the reported value of Dangote’s proposed refinery project in Lamu, Kenya, which is intended to serve regional markets.

Now, what does this mean for the Ugandan investor?

CMA has provided a pathway for eligible Ugandans to access this cross-border investment opportunity through an authorised intermediary. But before jumping in, let’s remember that an investment opportunity is not automatically a good investment for everyone.

As an investor, it is important to seek independent professional advice and carefully review the offer documentation.

Pay particular attention to the following aspects

🤔Foreign exchange risk: Changes in the naira-to-dollar and dollar-to-shilling exchange rates can affect your returns.

🤔Market risk: The share price can rise or fall, and you could lose part or all of your investment.

🤔Custody and omnibus-account arrangements: Understand how your shares will be held, how your ownership will be recorded and how your assets are protected.

🤔Tax implications: Understand the applicable tax obligations in the relevant jurisdictions.

🤔Investor rights: Know how dividends will be paid, how you can sell your shares and how you can exercise your rights as a shareholder.

Remember, buying shares in Dangote’s refinery gives you exposure to its refining business. You may benefit from dividends if declared and from share-price appreciation if the price rises, but neither is guaranteed.

For high-net-worth investors looking to diversify beyond Uganda’s borders, this is an opportunity worth studying carefully so that you make an informed decision.

The real question is not simply, “Can I buy these shares?” It is, “Does this investment fit my financial goals, risk appetite and investment horizon?”

Because being financially smart is not about chasing every opportunity. It is about making informed decisions with your money.

For your and needs, talk to

09/10/2026

Fridays Are For Violence!

Every Friday, we declare war on bad financial decisions.

This Week: Violence Against Institutions That Offer Poor Customer Experiences!

As we come to the end of Customer Service Week, it’s time to celebrate and appreciate the customers who make our businesses possible. They are the reason we wake up every day, show up for work, and strive to offer financial advice that transforms their lives.

However, a bad customer experience can lead to bad financial outcomes.

Imagine walking into a financial institution looking for a service that could change your life, only to be welcomed by a rude receptionist, an unhelpful staff member, or an environment that makes you feel unwelcome. Would you proceed with the transaction, or would you walk away and find an alternative?

The truth is, customers don't just buy products, they buy experiences, trust, and peace of mind.

First impressions matter! How does your reception look? How are your customers welcomed? How quickly are their concerns addressed? Do they feel valued, listened to, and respected?

A poor customer experience could discourage someone from buying life insurance, or a car insurance or that medical scheme or even delay their decision to start investing in a unit trust fund, or cause them to abandon a financial plan that could secure their future.

That is why customer service is not just about being polite. It is about helping people make better financial decisions and giving them the confidence to take action.

As the saying goes, the customer is king! Every customer deserves to be treated with dignity, professionalism, and care.

Your insurance and investment journey deserves more than just a random salesperson. It deserves a partner who listens, understands your needs, and walks with you towards your financial goals.

So, trust me with your and needs, and let's move this financial journey together!

Therefore this friday, let's declare war on poor customer service because every bad experience could cost someone a better financial future!

Happy Customer Service Week!

07/10/2026

RetireLoaded or RetireStressed

As we embrace the Customer service week, its important not to only serve the customers needs today but to also help them prepare for tomorrow in relationship to retirement planning

When we talk about customer service, we often think about answering questions, solving complaints, processing transactions and making customers happy but there is another level of service which enables a customer make better financial decisions for their future.

Retirement planning is one of the greatest forms of customer service because the decision you help someone make today can determine the quality of life they enjoy later.

A customer who starts saving for retirement early may have the following benefits

↙️More time for compound interest to work.

↙️A larger retirement portfolio for passive income in future.

↙️Less pressure to depend on their children.

↙️Greater financial dignity in retirement.

So, in the financial services industry, we shouldn't just serve the customer's needs today we should help them prepare for the customer they will become tomorrow ie the retired customer.

The best customer service is not simply “How can I help you today?” but “How can I help you retire loaded, not retire stressed?”

For your and needs, talk to .

06/10/2026

Tuesday is a numbers day!

As we celebrate customer service week, lets dive into some numbers around the life insurance sector

👈 over 400k - individual policies
👈 close to 1tn ugx - life insurance premiums as of 2025
👈Almost 40% - growth in life insurance premiums
👈over 48% - market share

Uganda's insurance market is growing rapidly, but customer coverage is still relatively small compared with the country's working population but kudos to the customers that have embraced life insurance policies like the old mutual SURE DEAL INVESTMENT PLAN plan, the SOMESA PLUS SCHEME and the FAMILY LIFE PROTECTION

The faster growth rate in life indicates a positive trend towards individuals prioritizing long-term financial security protection.

This shift suggests that people are appreciating the value of having life insurance which safeguards their futures and that of their loved ones translating into a growing awareness and readiness to invest in guaranteed financial planning and security measures.

But the bigger question is, with millions of Ugandans earning an income, how many of us have actually transferred our financial risks to an insurance company?

02/10/2026

Fridays Are For Violence!

Every Friday, we declare war on bad financial decisions.

This week: Violence against people who don’t want to save!

I don’t think we can stop talking about what NSSF served us. They really served us a good meal, one that left everyone full! 😋

But behind that impressive portfolio of over UGX 30 trillion is something even more important ie people’s savings.

Savings have an impact far beyond an individual.
They strengthen families, businesses, communities and, ultimately, the national economy.

Saving gives you a financial cushion for:
👈 Emergencies
👈 Short-term needs
👈 Medium-term goals
👈 Long-term investments
👈 Retirement

The good news is that you don’t have to earn a fortune to start saving. You need commitment, discipline and a plan.

Whether your income is UGX 500,000, UGX 5 million or UGX 50 million a month, there is probably a way to put something aside.

And today, we have several vehicles to choose from ie unit trust funds, life insurance policies, pension schemes, SACCOs, banks investment clubs, cash rounds and more.

The question is no longer “Where can I save?”

The question is:

“What reason do I have NOT to save?”

Because when the next financial storm comes, your savings should not be a wish. They should be your shield.

Save something. Save consistently. Save for a purpose.

For your and needs, talk to .